Should I shop for a house now or wait till the prices drop more?

If you are in the market to purchase a home now, shop for a house now. If you are paying rent to a landlord the money is going to the landlord not to you. If you are thinking about gaining more space read further down my blog to the article entitled about a tide raising all ships.

Even as the news media talks about higher foreclosures, and mortgage lending crisis, the real crisis is whether you can now qualify for a loan you could have 6 months ago but now have to put at least 5% down. The financial burdens of rising energy costs both gas and electricty (at least in Albuquerque with PNM's 6% rate hike) and rising food prices, eating away at your family budget.

Why would this be a great time to buy a house? Perhaps a 10 mile shorter commute to work or shopping. Maybe a energy saving new home or smaller home. Maybe that child is on the way and you need more space.

Whatever the factor, waiting until prices drop is about the same as putting off surgery until the hospital puts it on sale. The perception of the market continueing to drop in the future is the same as trying to predict who will win the world series as of tonights baseball game. So far even in this economic housing climate, home prices have not fallen but remained steady in the Albuquerque metropolitan area with a slight decrease only in Rio Rancho. The number of HUD foreclosures and bank REO's (some that I have represented) have not risen all that much in our area.

So my answer to the question is if you are thinking about buying a home call us and we'll find you a home. We work with fine mortgage lenders like Ana Lisa Cordoba at DL CLine Mortgage (505)379-8722(see mortgage page of http://buyahousenewmexico.com ) that will help determine if buying a home is right for you. We can help educate you to determine if it is the right financial decision for you.

We also would like to say goodbye to our affiliate with Country Inn and Suites while short lived we hope our customers were able to take advantage of the great savings they offered but you can still use our contract with:
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Remember our BuyaHouseNewMexico.com special for our customers who are relocating from outside the Albuquerque area. Purchase a home with us and upon closing we will reimburse your hotel stay up to 3 nights ($69.99 per night maximum) at one of our participating affiliates (and.or off rental cars or airfare)if the reservation is booked through our relocation page or from this blog.

New Mexico Sales History

1123 Williams Albuquerque 87102 2008 69,500 Seller
9500 Adina Lane Albuquerque 87114 2008 204,900 Seller
8908 Sawgrass Albuquerque 87121 2008 164,000 Seller
916 Finch Albuquerque 87121 2008 103,500 Seller
8112 Sapphire Albuquerque 87121 2008 122,000 Seller
4926 Palo Alto Albuquerque 87108 2008 165,000 Buyer
6 Glitter Gulch Edgewood 87015 2007 335,000 Seller
7022 Arrington Albuquerque 87105 2007 197,000 Seller
2628 Rushing Rd Albuquerque 87105 2007 116,000 Seller
517 Espanola St Albuquerque 87108 2007 186,400 Seller
1225 La Charles Albuquerque 87112 2007 181,000 Seller
6212 Picture Rock Albuquerque 87120 2007 200,000 Seller
2800 Vail Avenue Albuquerque 87106 2007 42,000 Buyer
9619 Puccini Trail Albuquerque 87114 2007 165,000 Buyer
4704 Franzen Hills Rio Rancho 87144 2007 225,000 Buyer
737 Valverde SE Albuqueque 87108 2006 550,000 Seller
214 Alcazar NE Albuquerque 87108 2006 79,000 Seller
1032 Country Manor Albuquerque 87114 2006 249,500 Seller
1135 Green Acres Bosque Farms 87068 2006 335,000 Buyer
2323 Mountain Rd Albuquerque 87104 2006 282,000 Buyer
3817 Tulane Albuquerque 87107 2006 131,000 Buyer
8604 Gunnison Albuquerque 87120 2006 190,000 Buyer
1809 Moneda Albuquerque 87120 2006 158,500 Buyer
2821 Vista De Colinas Rio Rancho 87124 2006 220,000 Buyer
721 6th St Rio Rancho 87124 2006 210,000 Buyer
908 Foraker Rio Rancho 87124 2006 155,000 Buyer
860 Vista Patron Rio Rancho 87124 2006 289,900 Buyer
6208 Katson Albuquerque 87109 2005 210,000 Seller
6020 Downey Albuquerque 87109 2005 174,000 Seller
1704 Halo Circle Rio Rancho 87124 2005 155,000 Buyer

Six houses sold so far this year! Will your house be next? We are up for the challenge! Call us today to see why we SELL Houses not just list houses!

BuyaHouseNewMexico.com special savings for customers (& future customers):

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Sell Your House Faster with a Home Inspection

Your house has been listed, you have removed all the clutter, cleaned the windows, removed personal items, cleaned the carpets and listed with a Realtor but your home hasn't sold; consider getting a home inspection.

Every Seller dreads the home inspection. Nobody wants to find out they need to replace the motor in the evaporative cooler or reseal all the roof flashings; but having a home inspection up front can save alot of time and hassle in the closing process and may even save the contract!

40% of real estate transactions fall apart over disputes arising during the home inspection. Having repairs fixed or at least identified can help your listing sell. Why? Having the home inspection completed before the buyer writes up a contract can give the buyers peace of mind to know that the property is in good condition up front rather than discovery after the contract is written.

Buyers may walk away after that duct inspection or unlightable fireplace pilot; but a simple fix upfront could close the deal and not delay the buyers from moving in.


Contact Abaris Team for a list of home inspection companies and enjoy these savings from our new affiliates:
10% off Westhollow Laminate Flooring. Expires 43008 (click to redeem)


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